Pütter steps down as Allianz private-equity head

Updated Aug. 2, 2010 3:36 p.m. ET

The head of Allianz SE's Allianz Capital Partners, Thomas Pütter, has left after more than a decade at the helm of the German insurer's private-equity division.

Mr. Pütter, one of the industry's best-known names, stepped down from his role as chairman of the advisory board and investment committee at ACP last week. Allianz said he decided to step back last year, when the division was restructured. Mr. Pütter declined to comment.